Canadian mortgage rates rose yesterday on the back of the uncertainty with the US Government’s $700B rescue of the US banks. As a result, bond markets have pushed long-term interest rates higher which have affected fixed rate mortgage rates.

We saw the following increases on the best mortgage rates available on RateSupermarket.ca

Make sure to compare mortgage rates to make sure you’re getting the best deal.

We saw quite a few mortgage rates lowered over the weekend resulting in the following mortgage rates update:

Dominion Lending Centres dropped their 1 year closed fixed rate to 4.80% – the previous best rate was 4.89%.

True North Mortgage dropped their 2 year closed fixed rate to 4.99% – the previous best rate was 5.15%.

True North Mortgage dropped their 3 year closed fixed rate to 5.18% – the previous best rate was 5.29%.

True North Mortgage dropped their 10 year closed fixed rate to 5.49% – the previous best rate was 5.85%.

Check out those rates or go and compare mortgage rates now.

Over the August long weekend, there was some mortgage rates activity as we saw a few rates change.
We’ve updated the changes below:

We saw a few of our lowest mortgage rate providers change today with the addition of Dominion Lending Centres to the site.

As a result, please see the updated best mortgage rates for Canada from banks, credit unions and mortgage brokers on RateSupermarket.ca are as follows: